Ameritas Investment Partners Inc. trimmed its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,362 shares of the aerospace company’s stock after selling 78 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Northrop Grumman Corporation were worth $1,120,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Waldron LP increased its holdings in shares of Northrop Grumman Corporation by 17.1% during the first quarter. Waldron LP now owns 2,005 shares of the aerospace company’s stock valued at $476,000 after purchasing an additional 293 shares during the period. Ronald Blue & Co. LLC acquired a new position in shares of Northrop Grumman Corporation during the first quarter valued at $424,000. Prudential Financial Inc. increased its holdings in shares of Northrop Grumman Corporation by 3.0% during the first quarter. Prudential Financial Inc. now owns 726,939 shares of the aerospace company’s stock valued at $172,896,000 after purchasing an additional 21,264 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Northrop Grumman Corporation by 0.6% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,418 shares of the aerospace company’s stock valued at $3,191,000 after purchasing an additional 84 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Northrop Grumman Corporation by 43.0% during the first quarter. Stifel Financial Corp now owns 120,867 shares of the aerospace company’s stock valued at $28,754,000 after purchasing an additional 36,363 shares during the period. Institutional investors own 81.25% of the company’s stock.

Northrop Grumman Corporation (NOC) opened at 292.00 on Thursday. Northrop Grumman Corporation has a 12-month low of $214.59 and a 12-month high of $299.33. The company’s 50-day moving average price is $281.62 and its 200-day moving average price is $262.85. The firm has a market capitalization of $50.84 billion, a price-to-earnings ratio of 22.31 and a beta of 0.68.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that Northrop Grumman Corporation will post $12.56 EPS for the current fiscal year.

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In other news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

NOC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Royal Bank Of Canada set a $294.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $276.72.

About Northrop Grumman Corporation

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

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